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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Post by ronreaganon Jan 29, 2021 7:39am
266 Views
Post# 32418101

WHAT QH SAID

WHAT QH SAIDIn QH's interview yesterday, he referenced an economic assessment (a PEA?) that will be coming out concurrent with the commencement of production - and said that the assessment will put us in a better position to be able to start discussing numbers. Despite the efforts of the interviewer, QH refused to get into any kind of conjecture, saying that he wanted to make sure he "checks all the boxes" and do it right (he was saying that in the present Covid environment the professionals working on it are all over the place and working all kinds of different hours, suggesting that is why the assessment isn't already out). Good move - we don't want the drama of lawsuits or any kind of securities enforcement action. Will the assessment put us in a position to discuss the whole 14,000 sq kilometers? If we are dealing mainly in conglomerates, will we be able to fairly extrapolate some kind of base value?

Is our day finally at hand? 


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